Become a client

client icon

Becoming a client couldn’t be easier!

Just pick up the phone and ask for Mark Smith – call 01235 766162 and arrange an initial meeting, which will be free of charge and completely without obligation.


Or send us an email. We look forward to hearing from you...

Interest rates rise

The Bank of England (BoE) has raised interest rates from 0.25% to 0.5%, the first rate rise in ten years.

In explaining the reasons behind the rise, the BoE monetary policy summary states:

'CPI inflation rose to 3.0% in September.  The MPC still expects inflation to peak above 3.0% in October, as the past depreciation of sterling and recent increases in energy prices continue to pass through to consumer prices.  The effects of rising import prices on inflation diminish over the next few years, and domestic inflationary pressures gradually pick up as spare capacity is absorbed and wage growth recovers.  On balance, inflation is expected to fall back over the next year and, conditioned on the gently rising path of Bank Rate implied by current market yields, to approach the 2% target by the end of the forecast period.'

Mark Carney, the Governor of the BoE, suggested that many mortgages, credit cards and loans would not be impacted in the short term by the interest rate rise. He also indicated that two more interest rate rises may be required by 2020 to help bring inflation back to the BoE's target.

Rain Newton-Smith, Chief Economist at the Confederation of British Industry (CBI), said:

'The decision to raise interest rates comes as no surprise, given the recent signals from the Bank and several MPC members, signalling their intention to vote for a change of course.

'Businesses will be watching the reaction of consumers closely, and what's important is the pace of any future rises. As rates creep up, it'll be important to keep an eye on the impact for those at the lower end of the income scale.'

Internet links: Bank of England news CBI news

06 Sep 2018

HMRC warning: time to declare offshore assets

HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new 'Requirement to Correct' legislation comes into force.

06 Sep 2018

Stamp duty cut

According to the latest statistics 121,500 first-time buyers have saved a total of £284 million.

06 Sep 2018

Software suppliers - Making Tax Digital for VAT

HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in time for April 2019.